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REGISTERED NUMBER: 04858163 (England and Wales)















Apds Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






Apds Limited (Registered number: 04858163)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Apds Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D Pitt
Miss E S Pitt
N Morgan





REGISTERED OFFICE: 302 Dean Road
Avonmouth
Bristol
Avon
BS11 8AT





REGISTERED NUMBER: 04858163 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

Apds Limited (Registered number: 04858163)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 162,930 146,246
162,930 146,246

CURRENT ASSETS
Stocks 482,150 399,722
Debtors 900,611 674,051
Cash at bank and in hand 75,003 91,301
1,457,764 1,165,074
CREDITORS
Amounts falling due within one year (1,146,694 ) (699,158 )
NET CURRENT ASSETS 311,070 465,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,000

612,162

CREDITORS
Amounts falling due after more than one
year

(157,923

)

(208,625

)

PROVISIONS FOR LIABILITIES - (22,364 )
NET ASSETS 316,077 381,173

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 315,977 381,073
SHAREHOLDERS' FUNDS 316,077 381,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Apds Limited (Registered number: 04858163)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





D Pitt - Director


Apds Limited (Registered number: 04858163)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Apds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Apds Limited (Registered number: 04858163)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 1,000
AMORTISATION
At 1 July 2022
and 30 June 2023 1,000
NET BOOK VALUE

At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 472,390
Additions 66,730
At 30 June 2023 539,120
DEPRECIATION
At 1 July 2022 326,144
Charge for year 50,046
At 30 June 2023 376,190
NET BOOK VALUE
At 30 June 2023 162,930
At 30 June 2022 146,246

Apds Limited (Registered number: 04858163)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. RELATED PARTY DISCLOSURES

2023 2022
£ £

Directors' loan account
Balance brought forward (3,199 ) (57,018 )
(Capital Introduced)/Drawings 171,561 161,819
Dividends (250,000 ) (108,000 )
Balance carried forward (81,638 ) (3,199 )